TD Bank, coined as America ‘s Most Convenient Bank, does not provide coin-counting car to customers .
previously, the bank was democratic because it did offer the “ Penny Arcade ” coin-counting servicing, but it has been suspended due to reports that it was shortchanging users .
If you need to deposit a big phone number of coins, find out where you can still do so :
How TD Bank Customers Can Deposit Coins
In arrange to deposit coins, TD Bank customers will have to use mint wrappers. These wrappers are available for dislodge by visiting a TD Bank arm .
Tip: Most banks will give you unblock mint wrappers .
Customers have to wrap their coins at base before bringing them in for down payment .
This is the standard routine adopted by most early banks that do n’t offer coin-counting machines .
Where You Can Still Find Coin Counters
Although TD Bank does n’t offer coin-counting machines, other banks may provide them .
however, you ‘ll most probably have to pay a tip ( a belittled share of the sum counted ) if you ‘re a non-customer. Some banks wo n’t even let you use the machines as a non-customer .
Coinstar for gift cards and donations
Coinstar, a third-party ship’s company, has coin-counting machines at supermarkets .
however, it does come with an expensive 11.9 % fee when the coins are converted into cash .
Stores With Coinstar Coin Counter Machines
|Food 4 Less|
|The Food Emporium|
fortunately, you can avoid the tip because Coinstar besides allows you to exchange your coins for endowment cards and charitable donations without any fee .
|Coin exchange option||Fee||How it works|
|Cash voucher||11.9% (fees can vary by location)||Turn in the cash voucher to a cashier|
|eGift Card||None||Gift code is printed on the receipt|
|Charitable donation||None||Donation is automatically made — with a receipt for tax purposes|
History of TD Bank Penny Arcade Machines
In 2008, Canadian-based TD Bank acquired Commerce Bank and since then has kept most perks, such as being assailable 7 days a week, allowing dogs and offering dog treats .
The Penny Arcade machine was a coin-counter that allowed anyone ( even non-customers ) to count their coins .
Users were allowed to guess the sum respect of the coins .
If guessed within a certain range of the correct measure, users would collect a modest prize when they took the receipt to a TD Bank teller .
meanwhile, users could cash out the coins or have them deposited into a TD bill .
In November 2015, TD Bank started charging non-customers to use the machine. An interesting decision by TD, as the military service drove over 6 million non-customers a year to TD branches .
Mixed response to the fee changes
If you are like us, you know counting deepen can be annoying. This is why TD Banks decisiveness to begin charging non-customers is kind of a bummer .
The serve, which was brawl, started to come with a 6 % tip for those who don ’ t have a TD account .
One comment read : “ I am a customer of TD and it never made feel to me that non-customers received the same appliance at no price to them .
If they want the servicing for free then they should bank with them. I am indisputable their depository financial institution does n’t provide detached coin consider .
TD is a fantastic bank and not a non-profit and the penetrate line is coin-counting machines and the action of the mint is expensive ! All you have to do is be a customer ! ”
While this move to charge have upset non-customers who use the service every year, TD Bank felt is was the best decision for their stream customers.
Read more: Pachinko Tokens FOR SALE!
When asked why the change was made, a spokesperson for the bank indicated that a number of customers and employees were complaining that non-customers who use the car were negatively impacting the service ( reservoir : american Banker ) .
Penny Arcade machines removed entirely
TD removed the coin-counting machines from all branches in May 2016 because customers were complaining that they were being shortchanged .
allegedly, the machines counted coins inaccurately. Customers counted the coins before putting them through the machine and discovered that it was systematically recognizing less money than it should .